OSK Property has marked a significant milestone in its $3 billion Melbourne Square precinct, breaking ground on BLVD, the latest residential tower in the transformative development.

The 74-storey tower, set to be completed in Q1 2028, will be constructed by Multiplex, the same company that delivered the precinct’s first two towers.

BLVD will bring 602 residences to the Southbank precinct, offering a host of amenities including private dining rooms, state-of-the-art gyms, a 25m indoor swimming pool, spa, sauna, golf simulator, entertainment and lounge spaces, and a double-storey co-working area on levels 55 and 56.

Beyond its architectural grandeur, BLVD embodies a commitment to sustainability and wellbeing, featuring carbon-neutral operation-enabled residences, gas-free design, EV charging stations, a zen garden, and other premium resident amenities.

The tower is also in pre-registration to pursue WELL Certification, a rating system that certifies a building’s impact on health and wellbeing, and demonstrates industry excellence in meeting stringent sustainability goals.

Melbourne Square has already enhanced the Southbank precinct with publicly accessible amenities like a 3,745-square-metre park, a full-line Woolworths supermarket, an early learning centre, and a growing range of retail destinations.

“The BLVD groundbreaking represents a major milestone for the Melbourne Square precinct, which has two existing towers and will also feature a build-to-rent tower alongside the build-to-sell residences,” said OSK Group Executive Chairman, Tan Sri Ong Leong Huat.

Multiplex Regional Managing Director of Victoria and South Australia, Ross Snowball, expressed excitement about delivering BLVD at Melbourne Square, stating: “Multiplex is proud to be partnering with OSK once again on the Melbourne Square precinct, one of Australia’s largest and most exciting development projects.”

City of Melbourne Deputy Lord Mayor Nicholas Reece praised the development, saying: “BLVD will be a transformational development for Melbourne’s CBD, adding critical housing stock to the market as well as important residential and local amenities.”